Treasury Secretary Scott Bessent said on Monday that an increase in Americans’ tax refunds would enable the United States to “go back to the kind of economy that we had.”
While speaking to Fox Business, Bessent said that “substantial refunds” are coming to Americans after they submit their taxes in the first quarter.
“They will get an increase in real incomes. So I am very optimistic for working Americans, for job growth, for capital formation,” the secretary said.
Later in the interview, the secretary said that after larger increases in tax refunds, some workers will be able to keep “more of their paychecks” and predicted the United States would “go back to the kind of non-inflationary growth where working Americans do better than supervised workers.”…